KARACHI: Gold prices in Pakistan continued their downward trend on Wednesday, July 1, following sustained weakness in international bullion markets where falling investor demand and ongoing price corrections have kept global rates under pressure.
The latest decline comes after a series of drops earlier in the week. On Tuesday, gold prices in Pakistan had already fallen sharply, tracking global losses. In that update, the price of 24-karat gold per tola decreased by Rs4,100 to Rs424,836 after a previous fall of Rs2,300 per tola to Rs428,936, reflecting continued volatility in domestic bullion markets.
Gold prices in Pakistan extend losses as global bullion weakness continues
In international trading, gold also remained under pressure, with prices slipping by $52 per ounce to $3,972 on Wednesday. This followed earlier losses of $41 per ounce to $4,024 and $23 per ounce to $4,065 over the preceding sessions, indicating a consistent downward adjustment in global rates.
The international downturn was mirrored in Pakistan’s sarafa markets, where fresh declines were recorded across all major categories. On Wednesday, the price of gold per tola fell further by Rs5,200 to Rs419,636, while 10 grams dropped by Rs4,458 to Rs359,770.
Silver prices also moved lower, with per tola silver declining by Rs107 to Rs6,242 and 10 grams falling by Rs92 to Rs5,351.
Today’s Gold Rate in Pakistan
| Gold Purity | Per Tola | Per 10 Grams |
|---|---|---|
| 24K Gold | Rs419,636 | Rs359,770 |
| 22K Gold | Rs384,673 | Rs329,405 |
| 21K Gold | Rs367,180 | Rs314,200 |
| 20K Gold | Rs349,687 | Rs299,020 |
| 18K Gold | Rs314,700 | Rs268,670 |
Previous Gold Rate Update
| Gold Purity | Per Tola | Per 10 Grams | Change |
|---|---|---|---|
| 24K Gold | Rs424,836 | Rs364,228 (approx.) | ↓ Rs5,200 |
| 22K Gold | Rs389,xxx | Rs333,xxx | ↓ Rs4,700 (approx.) |
| 21K Gold | Rs371,xxx | Rs318,xxx | ↓ Rs4,500 (approx.) |
| 20K Gold | Rs354,xxx | Rs303,xxx | ↓ Rs4,300 (approx.) |
| 18K Gold | Rs319,xxx | Rs273,xxx | ↓ Rs4,100 (approx.) |
Market analysts say continued fluctuations in global bullion markets, along with shifting investor sentiment, are driving short-term volatility in local pricing trends.
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